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you resolved the fiscal crisis on new year's day. in 2014 can we solve crises on normal days, you know, when you are not so hung over that you are agree to anything just so the other person will stop talking so loudly. >> jennifer: somebody is always in our war room. check us out on line at current.com/thewarroom, it's also where you can link up to our twitter and facebook page. you can check out our exclusive web extras and to you all thank you so much for joining us here in "the war room." have a great night, and we're going to have a great 2013. ♪ >> cenk: welcome to "the young turks." we've got one hell of a show for you today. that deal that the president made hated it, but i'm going to
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tell you why. i'm going to show you why and i'm not alone. congressman talked to me earlier today. >> it's a box canyon, and we're up head of it with social security and medicare and other important programs behind us. the congress has tags and we have strong arms. >> he had strong words for vice president joe biden. and then the republicans go after each other and well, the congress didn't want to give it, here is chris christie's response. >> 66 days and counting, shame on you and shame on congress. >> cenk: i'll tell i couldn't chris christie is no one to celebrate today. and then djamgo on chains. more controversy. first the right wing was
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attacking it, and then left wing is attacking it, and then samuel l. jackson is saying anything. >> have you ever said it. >> try it. >> really? >> we're not going to have this conversation unless you say it. >> cenk: i think you know what that word is. did he say it? only one way to find out. of course, the elbow of the day. chris christie oh no longer has immunity. "the young turks." >> cenk: i believe that was go time. all right so looks like we've got a deal. if there is one thing that i know about president obama he said that the whole election was about making sure that people making above $250,000 were going
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to have to put in their share right? well, if you don't believe me on that, let's listen to the president and figure out how many times he might have said the magic words $250,000. >> i called on congress to immediately stop the january january 1st tax hike of hitting any american on the first $250,000 of their income. >> that's why i'm calling on congress to extend the tax cuts for the 98% of americans who make less than $250,000. >> and i can make a firm pledge. under my plan no family making less than $250,000 a year will see any form of tax increase. >> when it comes to the top two percent, what i'm not going to do is to extend further a tax cut for folks who don't need it about. >> but the other two percent of americans will have to pay a little more on taxes on anything they makeover $250,000.
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>> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> we all agree that no american should pay more taxes on the first $250,000 of their income. >> in other words, 97% of small businesses fall under the $250,000 threshold. >> i just want to point out this was a central question during the election. it was debated over and over again. >> cenk: central point of the election people making $250,000 will have to have taxes increased, right? wrong again bob. turns out it was $450,000. now, people say, cenk you're so unreasonable. you got to understand the president didn't have a choice. he had to compromise. but you know what, he got strong concessions out of the republicans. really? no he didn't. you need to understand this.
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every newspaper who reports this is 100% wrong. the president got no concessions out of the republicans on taxes. taxes had already gone up. they voted in 2013. the bush tax cuts had expired. what president obama got was an agreement with the republicans to reinstate 99% of those bush tax cuts. for 99% of the american people the taxes are getting cut again. the bush tax cuts, which we should now call the obama tax cuts, okay? so that's the reality. it's not like, o man if did he nothing, what would have happened? well, what would have happened is that the tax rates would have increased. so i'm not the only guy who thinks this. grover norquist thinks he got a great deal. he's using the 84%--it's 99% of
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people and 84% of tax revenue. >> keep in mind how many of a treat this is for the modern democratic party. the democrats have spent 12 years attacking the 2001-2003 bush tax cuts. they all voted against it. obama attacked it regularly. now they're out there helping to preserve that 84% of those tax cuts. and making them permanent. >> there you go. unfortunately, he's totally right. what happened? how did president obama get all these democrats oh those goddamn bush cuts. yes, we retained 99% of the bush tax cuts and for 84% of the revenue, yes, president obama what a great job. no that is a terrible job. norquist goes further and this is the main guy whose whole point is keeping tax cuts for the rich.
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good night. when the dems wake up, they'll wake up and realize they made the tax cuts permanent and lost their leverage for the next four years. i'm not the only one who thinks we lost leverage. we talked to pete defauzio today. >> the democrats lost the peak of their negotiating capabilities by signing this deal. the republicans were pretty desperate to not get put in the place of raising everybody's taxes, and what they get here is a pretty sweet deal. speculators, investors they'll never pay more than 24% in taxes forever, according to this legislation. they'll pay a fraction of what working people today captains in the army, teachers, they'll pay 60%. so your hedge fund billionaires, they couldn't afford those tax cease increases.
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>> cenk: understand what he's saying. when the bush tax cut expires it went up to 55%. president obama didn't raise them from 55%. he lowered them to 40%. so taxes got cut and by the way, the ex-temperatures used to be $1 million, but now it's $5 million. so the millionaires and the billionaires love this deal. what about carry interest and dividend tax rates. those also went from 39.6% which is what they would have been if we just kept the expiration of the bush tax cut and did nothing to 20%. i got news for you. so you know what that is? that's the private equity and the hedge fund guys, that's income for them. it's not an investment. it's income. if you worked really hard and own your own small business, you
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have to pay 79%. if you're in wall street. you don't have to pay 39%. they lowered it to 20% including president obama. we didn't get anything good out of this deal. corporate handouts, goldman sachs got a tax break for their new headquarters. attorney subsidiaries tax credit. offshore loopholes for banks. all the interest gets wins out of this. this is not a win for america. and then pete defauzio was saying our joe biden came into their caucus. he thinks they got massively outplayed. especially in the next round. >> biden came to our caucus. it was so unconvincing. he's so out of touch with what is going on with the tea party people and the caucus. he said we got them in a box canyon. yeah there is a box canyon, and we're up the head of it with
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social security, medicare and other important programs behind us. republicans are advancing with tanks, and we've got small arms. it's catastrophic. it's questioning the full phase and credit of the united states of america and putting us over that cliff. now vice president biden told us oh, they'll never do that. the wall street journal will wrote an editorial that they will run scared. they're radical. a number of them have said if we have to destroy the credit of the country in order to get what we want which is down-sized libertarian type of a country we'll do it. >> cenk: you may be thinking cenk, congressman defazio you may be right about tax cuts. maybe. we have some tax increases but over all as you can see from all the fact that we gave you the rich god enormous tax cuts, right? still. but wait a minute. aren't there parts of the deal
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that are good for the middle class? there are improved child tax credit. earned income tax credit extended for five years. notice those are not permanent. they're only for five years. no cuts to snap. wow, are they not merciful, and unemployment benefits was extended for one year. tax cuts permanent, unemployment extended for one year. let me tell you what a load of crap that is. oh wow unemployment benefits, that would have been so hard to get otherwise. do you know that unemployment benefits were first suggested to be cut by senator jim doning, this guy here, from kentucky, all the way back in 2010, which is not all that long ago. the republicans thought it was so radical not the democrats the republicans. the senator from texas said, this is the one senator. this does not represent the position of the caucus. when they had a vote on it,
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bunning lost 78-19 a walloping. you know why? not extended unemployment benefits is deeply unpopular. have at it, hoss, you'll win that fight if you actually fight. but they never fight. oh here are more benefits for the rich. this is a terrible deal. finally we talked to congressman pete defazio about the next round of deals. do you think this is over? hey, there were no spending cuts in the deal. think again. listen to congressman defazio. >> do you think in the next round of the negotiations which should be in about two months, do you think president obama will put medicare and/or social security on the table? >> well, first off we were told that the president will not negotiate on the debt limit. his only out is the 14th amendment which he announced he wouldn't use, so
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he'll have to negotiate over the debt limit. and the target of the republicans is medicare and social security. lindsey graham said it beautifully the day after the vote, in derogatory terms of the president. he said the first thing to do is to cut social security benefits and made radical changes to medicare. >> are you in favor of saying let the sequester go into affect because half of it is defense cuts or are you worried about the cuts in the sequester. >> no, i would go ahead with the sequester, but again how do we get past them that. that would be a disaster. that is a disaster. it's worse than a sequester or a government shutdown, and i fear that the other side will play that card. >> cenk: if you think that the president is not going to cave in on cutting medicare or social
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security you're crazy. i told you it wouldn't be at $250,000. no, it will be the whole campaign. some of you said that, $250,000, hehe said it over and over again. of course he's going to bend on social security and medicare. that's what he's dying to do. you know president obama's initial offer, he wanted $1.6 trillion in extra revenue. boehner countered with $800 billion. what was the final deal? oh right $600 billion in extra revenue. that would be less than john boehner's offer. well played, sir, well played. as you can tell, i'm not buying it. when we come back, we're going to talk about how shell has a plan to drill. i'm not buying that, either. >> and rough weather get preventing
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the coast guard running to a rig that ran aground. >> and an elbow on someone we never land an elbow on. tyt. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow.
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[ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. you know who is coming on to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar.
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>>and the best part is that current will let me say anything. what the hell were they thinking? [ ♪ music ♪ ] >> cenk: all right so shell oil has a brilliant new idea. we'll drill for oil in the arctic. it will be perfectly safe. and then of course this happened on monday night. >> rough weather keeping the coast guard from getting to an oil rig that ran aground off of alaska. the rig broke away during a powerful storm monday night. the crew was evacuated but the rig was carrying 150,000 gallons of diesel fuel. so far there is no sign of a spill. spill. >> cenk: oops. i wish there was a show that talked about whether this would happen--oh, right, we did. this is part of our effort to help out greenpeace on this, and
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this is what she said at the time. >> these things tend to leak, and we tend to not be able to clean them up. in the gulf, which looks like a sweet little duck pond compared to the conditions of the arctic. >> cenk: she's absolutely right about that. shell is trying to do some tests off of seattle to make sure that they had everything right well, they didn't. you it's as bad as i thought. basically the top is crushed like a beer can--oops. that was their testing in relatively calm puget sound not in the middle of the arctic. what is going to happen when they do it in the middle of the arctic? probably disaster. there is a documentary called "oil and ice" and talks about if there is a disaster, we'll have a lot of trouble getting to it. >> within a thousand miles
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emergency workers had access to hundreds of airports, dozens of major sea ports and 30 coast guard facilities not to mention countless hotels, highways and roads, and a fleet of fishing boats to clean up the spilled oil. these resources and infrastructure simply do not exist in the arctic. >> cenk: well, that could be significant trouble. let's talk to an expert on this. professor richard steiner in anchorage, alaska. thank you for joining us. we appreciate it. how much harder is it to drill in the arctic then, let's say the gulf coast. >> well, it's a whole different environment. there is a whole different series of technical challenges in the arctic. the drilling that shell was doing this summer in the arctic was in shallower fields and shallower waters, but it has not
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been drilled this far offshore, this is new stuff. and the grounding here in the last few days is simply the most recent in a string of calamities that has you know, befallen the shell program for 2012. it has been one after the next after the next. it does not inspire confidence in their safety culture. >> cenk: so one would imagine if that were the case that the government, especially led by a progressive democrat would say wait a minute here, let's be careful with how we do this and have strict regulation, is that what is happening? >> well, you're absolutely correct. the government needs to step in and do its job on behalf of we the people in the united states. we are calling after this most recent debacle the grounding we're calling for a time out for for 2013 arctic drilling off- off-shore drilling. clearly shell has had so many
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mishaps all the way along the way in 2012 that they don't have their act together, and the government doesn't either. both shell and the department of interior have been promising the people of the u.s. in a they'll have this all worked out. all the contingency plans are in place. here the most simplest crossing of the gulf of alaska towing this rig they should of had a contingency for losing the tow, and they didn't. all these promises that shell has been making reminds me of all the promises of exxon of building the pipeline across alaska in the 19 the 1970s and now here we go again. >> cenk: talks to me if shell starts drilling there and something goes wrong, what do you think will happen? do you think shell has any kind of a backup plan to--they say we can contain it. we saw obviously bp could not
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contain it in the gulf coast. is there any chance that shell can contain it in the middle of the arctic? >> there is a chance. if everything goes according to plan, and all the equipment works as envisioned, and all the individuals exercise prudent judgment, if all the stars are in line, there is a chance that a blowout could be quickly stopped and/or contained at the source. but the probability is that it would not. that is a risk that a number of us, including the those along the north coast of alaska are worried about, and we should be. shell says they have good and well-designed, integrity capping stack containing, oil spill response equipment. all of that is fine if it works. you just see in the testing as in the lead up to this piece
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the containment failed entirely. the oil spill response suffered a failure. the drilling of the wells had a stack fire. they had a tank that are almost grounded. and all sorts of safety problems. they've had problem after problem after problem and even the most simple contingency plan in process they can't seem to get right. >> cenk: thank you for joining us. we appreciate it, that's expertise for you as opposed to the government and the companies reassuring us that it's going to work. before we leave you i want to show a quick map. if there is a blow-out and they can't contain it, to give you a sense of how hard it would be to get to that blow out. let me show you alaska and the u.s. the gulf coast is near all those
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different places. do you see where alaska is? getting to a blow out would be a minor miracle with so little resources in the area. it's a disaster waiting to happen, but we got to make the money. we got to dig deeper. we got to dig deeper. we're like the dwarfs in the "lord of the rings." speaking of movies, django in chains was getting criticism from the right? now they're getting criticism to the left. >> to be disrespectful to my ancestors. that's all i'm going to say. i can't disrespect my ancestors. i can't do it. >> cenk: interesting. we'll have that discussion when we come back. and then chris christie is getting a lot because he lashed out at republicans. partly true. partly false. i'll explain when we come back. >> there is only one group to
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blame for the continued suffering of these innocent victims. the house majority and their speaker, john boehner.
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tv
The Young Turks With Cenk Uygur
Current January 2, 2013 4:00pm-5:00pm PST

News/Business. (2013) New. (CC) (Stereo)

TOPIC FREQUENCY Us 8, Alaska 7, Obama 5, Chris Christie 3, Biden 3, Vo 2, U.s. 2, Pete Defauzio 2, John Boehner 2, Defazio 2, America 2, Samuel L. Jackson 1, Joe Biden 1, Christie 1, Jim Doning 1, Boehner 1, Hoss 1, Medicare 1, United States 1, Greenpeace 1
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Duration 01:00:00
Rating PG
Scanned in San Francisco, CA, USA
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Tuner Virtual Ch. 107 (CURNT)
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